Having a good business idea is good because that's where it all starts. But putting the idea into practicability is another thing which entails understanding the secrets of the only few ventures that start up and thrive as soon as possible. Majority of people end up with collapsing their good ideas, just because they failed to observe a simple formal procedure which is only revealed through a startup business plan. The collapse of such business can be because of the poor adoption of business plan or poor business plan from unqualified business plan writer. Just as the famous saying goes, “a preparation to fail begins by failure to plan." Statistics from the United States of America reveals that the majority of businesses which collapse have a history of starting up without any formal plan in place. Notably, out of every ten businesses that are started a year, only one business survives beyond five years!

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Startup business plan formats

Every business has key features that must feature in the startup plan. The key features entail the critical summary, company description, products or services, strategy and implementation, organizational and management team, and financial plan. These are the basics which must feature in any business plan template of any business plan for customization based on the business niche. These essentials are the most critical aspects of any business that's starting. Therefore, every consultant in business plan custom must be well detailed with all these aspects illustrated in chapters by the support of empirical evidence and clear way forwards.

Become a business consultant

Continuously learn

For you to offer a fine startup business plan, one needs to realize that the most collapsing business of all the companies is a business plan writer and consultant. Everyone is seeking for practicability, originality, and distinction. Only the business plan consultant with unique skills for adaptation to the dynamics in business can survive. A prudent Business Plan Consultant may survive only through continuous research and learning. As said early, business is so dynamic in terms of market trends, the consumers' preferences, the new business gaps, marketing trends, the advancing technologies, and the competitive rates. The Latest of these changes must be incorporated into the business provision on a daily basis so as to offer the most desired services.

Observe time factor

The time factor is another most important aspect of a business plan writer. Everything in business works best with proper timings. As a business plan consultant, you should not be a barrier, but a facilitator of timely execution of all that leads to the success of businesses. This implies that sticking to the deadlines is mandatory in the business world. Also, there is a need for frequent updates on the milestones with the business plan.

Work with facts and not rumors! The truth and facts are always minimal, and less spread. However, rumors and opinions are so loud and so widespread than facts. As a business plan consultant, always rely on information from the well-established and reputable organization. Most information needed is the market trends, marketing strategies, and the competitors' performance. Have this information before offering any advice regarding any start-up business plan.

The uniqueness of startup business plans

A new business is formed from the intention to establish the latest venture which has never existed by offering similar products and services with those existing in marketing or giving the newest product or service that's never existed. Such business only demands a different way to do things or how to do things the same way but in a better manner. With such demands, only a plan that is better can be executed at a time for the success of the business. Therefore, the Startup Business Plan demands more advice provision and more specifics. In such a plan, a good financial plan should be part of the plan in addition to technical advice and marketing strategy advice.

Avoid the following as a business plan consultant

Don't treat business in the same way. No business is similar as much they seem to be in a similar venture. The goals and mission of every company is different, and so it is financial capabilities. Stick to the purpose and goals of the business as well as giving viable financial advice that is within the financial capabilities of the business.

Author's Bio: 

Juan Bendana is a full time freelance writer who deals in writing with various niches like technology, food, health, business plan development and more. His main interest lies in small business development, and shares his thoughts for them through his write-ups.